|[January 05, 2014]
Rambus Signs Comprehensive Agreement with Samsung Electronics
SEOUL, South Korea & SUNNYVALE, Calif. --(Business Wire)--
Samsung (News - Alert) Electronics and Rambus Inc. (NASDAQ:RMBS), the innovative
technology solutions company that brings invention to market, today
announced the companies have signed a comprehensive 10-year license
agreement. The agreement extends the existing relationship between the
companies, providing Samsung with access to Rambus' (News - Alert) innovative
technologies for inclusion in Samsung ICs. The agreement requires
quarterly royalty payments to Rambus of $15 million per quarter for the
first five years, with an initial payment of $22 million for the fourth
quarter of 2013. Payments in the second five-year period are variable
and subject to market-related factors. The agreement further provides
Samsung access to Rambus' security technologies in system devices such
as smart phones, tablets, and set-top boxes. The agreement is set to
terminate in 2023. Other terms and details are confidential.
"This new 10-year agreement symbolizes our ability to add value to
Samsung through our core memory and security technologies," said Dr. Ron
Black, president and chief executive officer at Rambus. "Extending this
relationship for a longer term gives us the ability to work with the
broader industry on avariety of exciting technology initiatives."
Rambus continues to explore and innovate in the area of new memory
architectures. Working with industry leaders like Samsung positions
Rambus inventions for broad market adoption. For additional information
on Rambus and its memory, interface and security technologies, visit rambus.com.
Rambus management will host a conference call tomorrow, January 6, 2014
at 5:30 am PT to discuss this agreement. The call will be available
online at investor.rambus.com. A replay will be available following the
call on the Rambus Investor Relations website for one week at the
following numbers: (855) 859-2056 (domestic) or (404) 537-3406
(international) with ID# 30212062.
About Rambus Inc.
Rambus is the innovative technology solutions company that brings
invention to market. Unleashing the intellectual power of our
world-class engineers and scientists in a collaborative and synergistic
way, Rambus invents, licenses and develops solutions that challenge and
enable our customers to create the future. While best known for creating
unsurpassed semiconductor memory architectures, Rambus is also
developing world-changing products and services in security, and
advanced LED lighting and displays. Additional information is available
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in technology, opening
new possibilities for people everywhere. Through relentless innovation
and discovery, we are transforming the worlds of televisions,
smartphones, personal computers, printers, cameras, home appliances, LTE (News - Alert)
systems, medical devices, semiconductors and LED solutions. Samsung
employs 236,000 people across 79 countries with annual sales of US$187.8
[ Back To TMCnet.com's Homepage ]